Legal Rights to Take and Hold Property If a Person

question 27

Multiple Choice

Legal rights to take and hold property if a person with a loan doesnʹt pay are called

• A)loans.
• B)cosigners.
• C)liens.
• D)collateral.

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Definitions:

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns, often involving equity ownership, debt purchases, or other financial instruments.

Called Bonds

Bonds that have been redeemed before their maturity date by the issuer, usually at a predefined call price.

Outstanding Bond Issues

Bonds that have been issued and are currently in circulation, yet to be repaid by the issuer.

Close Competitor

A company in the same industry offering similar products or services that directly competes with another company.